2016-02-27

China Wants to Export More

The Standard: (G20) Lou Jiwei calls for removal of trade barriers
Lou suggested removal of trade barriers and more encouragement for companies to invest.

China, he said, still has ample room for fiscal policy adjustment, is likely to raise the deficit ratio and will continue to cut taxes to support innovation and small businesses.

China raised its fiscal-deficit-to-GDP ratio to 2.3 percent for 2015, compared with the 2014 target of 2.1 percent, with the number expected to rise to 3 percent or more in 2016.
Trade barriers are more likely to go up in the next couple of years.

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